Czech National Bank Has $18.81 Million Stake in Warner Bros. Discovery, Inc. $WBD

Czech National Bank lifted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 705,447 shares of the company’s stock after acquiring an additional 19,951 shares during the quarter. Czech National Bank’s holdings in Warner Bros. Discovery were worth $18,807,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of WBD. Bank of America Corp DE increased its holdings in shares of Warner Bros. Discovery by 21.9% in the first quarter. Bank of America Corp DE now owns 16,616,949 shares of the company’s stock valued at $456,301,000 after purchasing an additional 2,980,900 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Warner Bros. Discovery by 130.8% during the 4th quarter. Handelsbanken Fonder AB now owns 1,008,638 shares of the company’s stock worth $29,069,000 after buying an additional 571,612 shares in the last quarter. Brighton Jones LLC lifted its holdings in Warner Bros. Discovery by 304.9% during the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock worth $729,000 after buying an additional 51,920 shares in the last quarter. Varma Mutual Pension Insurance Co bought a new position in Warner Bros. Discovery in the 4th quarter valued at $12,372,000. Finally, Geode Capital Management LLC boosted its position in Warner Bros. Discovery by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 66,597,575 shares of the company’s stock valued at $1,912,634,000 after buying an additional 1,028,346 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

Trending Headlines about Warner Bros. Discovery

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: The U.K. Competition and Markets Authority approved Paramount Skydance’s proposed acquisition of Warner Bros. Discovery, removing a significant regulatory hurdle and improving the deal’s prospects. However, the transaction still faces a lawsuit from 12 U.S. state attorneys general. Paramount-Warner Bros. Discovery merger gets boost after UK approval
• Positive Sentiment: WBD reported second-quarter adjusted earnings of $0.06 per share, well above analysts’ consensus estimate for a loss of roughly $0.13 to $0.14 per share. Warner Bros. Discovery Q2 Earnings Surpass Estimates
• Positive Sentiment: Streaming revenue rose 10%, led by HBO Max, highlighting continued growth in the company’s direct-to-consumer business ahead of the proposed Paramount combination. Warner Bros. Discovery reports 10% jump in streaming revenue
• Neutral Sentiment: Lionsgate CEO Jon Feltheimer endorsed the Paramount-WBD merger, saying prolonged uncertainty is harmful to the entertainment industry. The comments offer industry support but do not resolve the transaction’s legal obstacles. Paramount-WBD Deal Endorsed By Lionsgate CEO
• Negative Sentiment: Second-quarter revenue fell 11.2% year over year to $8.72 billion, below the approximately $9.25 billion consensus estimate. Soft advertising, weaker box-office results and the absence of NBA programming weighed on results. Warner Bros Discovery revenue disappoints
• Negative Sentiment: The Paramount deal remains vulnerable to U.S. antitrust litigation, while merger uncertainty is complicating strategic planning and creating challenges for employees. Paramount’s Warner Concessions Give Credibility to U.S. Lawsuit

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WBD shares. Huber Research upgraded Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. UBS Group raised their price target on Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research lowered Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. KeyCorp reissued an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Warner Bros. Discovery in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.69.

Warner Bros. Discovery Trading Up 1.4%

NASDAQ:WBD opened at $26.78 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.78 and a quick ratio of 0.73. The business’s 50-day simple moving average is $26.49 and its 200-day simple moving average is $27.20. Warner Bros. Discovery, Inc. has a fifty-two week low of $10.76 and a fifty-two week high of $30.00. The stock has a market capitalization of $67.14 billion, a PE ratio of -21.09 and a beta of 1.55.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.20. The business had revenue of $8.72 billion for the quarter, compared to analyst estimates of $9.25 billion. Warner Bros. Discovery had a negative net margin of 8.77% and a negative return on equity of 8.91%. The firm’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period last year, the business posted $0.63 earnings per share. Sell-side analysts expect that Warner Bros. Discovery, Inc. will post -1.08 earnings per share for the current fiscal year.

Warner Bros. Discovery Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.